28% of Americans are one fender-bender or appliance breakdown away from digging themselves into a hole of debt. Nearly one-third of this country has zero emergency savings, up from last year. And what’s more frightening? Nearly 50% of Americans don’t have enough money in their safety nets to cover three months of expenses. Do you think this country is having trouble sleeping at night?
Experts say saving just $1,000 is a significant start to a healthy emergency fund. By starting this month, and socking away just $83 for the next 12, you’ll find yourself sleeping better by the middle of next summer. Triple that and you’re at the average American’s safety net total. SmartyPig makes saving a cinch with monthly deductions and being just enough out of reach to avoid temptation. But simple to access in the event you need it.
Start your emergency fund today and be sure to tell us about it! We can’t wait to hear how you’re working towards a better night’s sleep.
Wishing you successful saving.
Sarah Foss, SmartyPig’s Media Mad Woman